The

metals & mining

industry closed the day up 1.9%.

Almaden Minerals

(

AAU

),

Oilsands Quest Inc

(

BQI

),

Timberline Resources Corporation

(

TLR

), and

Jaguar Mining Inc

(

JAG

) were all winners today within the metals & mining industry with

Freeport-McMoRan Copper & Gold

(

FCX

) being today's featured metals & mining winner. Freeport-McMoRan Copper & Gold rose $1.09 (2.9%) to $39.30 on average volume. Throughout the day, 23.4 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 24.1 million shares.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, silver, and cobalt. Freeport-McMoRan Copper & Gold has a market cap of $37.4 billion and is part of the

basic materials

sector. The company has a P/E ratio of 6.8, below the average metals & mining industry P/E ratio of 11.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 36.4% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Freeport-McMoRan Copper as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Extorre Gold Mines

(

XG

),

Quaterra Resources Inc

(

QMM

),

China Gerui Advanced Materials Group

(

CHOP

), and

Kingold Jewelry Inc

(

KGJI

) were all losers within the metals & mining industry with

Century Aluminum Company

(

CENX

) being today's metals & mining industry Loser Spotlight stock.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider

SPDR S&P Metals & Mining ETF

(

XME

) while those bearish on the metals & mining industry could consider

PowerShares DB Base Metals Sht ETN

(

BOS

).

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